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. >>> president barack obama arrives back in washington for high level cliff's. president barack obama cut short his christmas trip in hopes of negotiating a deal with republicans and the deal was to make tax cuts for the wealthy and raising taxes among the rich. the treasury announced they will resore to using a program to help sustain their money. they will look to borrowing where the government defaults on their debt. >>> former president bush remains alert talking with medical staff. former president bush was in the hospital since last monday for complications related to bronchitis. >> we are hoping the medicine and treatments can help him turn things around. >> the former president has a high fever and is now on a liquid only diet. his former florida governor and son have all been frequent visitors. >>> they came after 14 million vehicles came. they say the value of the cars fell sharply after the recalls. a judge must still approve the settlement. >>> how are things looking tara >> so far so good, let's take a live look at the east shore freeway and traffic
. >>> president barack obama arrives back in washington for high level cliff's. president barack obama cut short his christmas trip in hopes of negotiating a deal with republicans and the deal was to make tax cuts for the wealthy and raising taxes among the rich. the treasury announced they will resore to using a program to help sustain their money. they will look to borrowing where the government defaults on their debt. >>> former president bush remains alert talking with...
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Dec 27, 2012
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what will you miss about washington? and what will you not miss? >> i will miss the chance to affect public policy. and i'll miss the friends there. other members of congress, and, by the way, one of the great bargains the american people get are the people who work for members of congress. we have a wonderful, intelligent, thoughtful, dedicated group of people. it's great to be able to come to worker day and interact with bright people. what i won't miss is one, the travel. and two, to be honest at this point, the sense of responsibility. for 45 years, i've been working in government, first in the city hall of boston and then the last 32 years in congress. i'm sorry people will still be doing those things, but i need a little rest. >> your proudest moment. what are you feeling is your proudest achievement? is it dodd-frank? >> well, that's one of them. one of them, frankly, has been the successes we've got on getting legal equality for lgbt people. and i've had a major repeal of don't ask, don't tell. and i was proud of my role in defeating the ef
what will you miss about washington? and what will you not miss? >> i will miss the chance to affect public policy. and i'll miss the friends there. other members of congress, and, by the way, one of the great bargains the american people get are the people who work for members of congress. we have a wonderful, intelligent, thoughtful, dedicated group of people. it's great to be able to come to worker day and interact with bright people. what i won't miss is one, the travel. and two, to...
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Dec 27, 2012
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he is leading a group that would buy the chain that has 47 stores in california and washington state. "nightline" is next. for rick quan and sandhya patel and carolyn johnson, thank you for watching. we appreciate your time as always. check out abc7 morning news at 4:30 a.m. have a good night. >>> tonight on a special edition of "nightline" -- a white house christmas with the first family. president barack obama and first lady michelle obama sit down for an intimate and revealing first interview together since the election. only with barbara walters. >> how do you keep the fire going? >>> trimming the trees with the first dog bo. inside a special tradition. how they deck the halls at 1600 pennsylvania avenue. >>> and ask mrs. obama. first graders with a very special connection to the white house tree a
he is leading a group that would buy the chain that has 47 stores in california and washington state. "nightline" is next. for rick quan and sandhya patel and carolyn johnson, thank you for watching. we appreciate your time as always. check out abc7 morning news at 4:30 a.m. have a good night. >>> tonight on a special edition of "nightline" -- a white house christmas with the first family. president barack obama and first lady michelle obama sit down for an intimate...
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Dec 27, 2012
12/12
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>> i don't think that this washington, anyone in washington is reckless enough for the country off the cliff. they recognize it's dangerous. stuart: i've got to read between the lines here. you're saying that there will be some kind of last minute stop-gap deal, yes? >> i certainly hope so. stuart: and what would be the form of that deal? what would be in it just a broad outline? go. >> well, we can't see taxes go up on anybody across the board and we have to see the tax rates extended for everyone and-- >> that's not going to happen. >> that's not going to happen so who is going to pay more in taxes? you say we're going to have a deal and so who pays more in taxes? >> well, you know, with the senate back today and the president back today, hopefully we'll see outlines and-- >> come on. >> i'm not sure what's going on. stuart: you think they're going to get a deal. i want you to tell me the outlines of that deal. not what you hope for, what do you think is it going to happen. >> i'm not sure where the president and senator ree reid e going to draw the line. where the president before w
>> i don't think that this washington, anyone in washington is reckless enough for the country off the cliff. they recognize it's dangerous. stuart: i've got to read between the lines here. you're saying that there will be some kind of last minute stop-gap deal, yes? >> i certainly hope so. stuart: and what would be the form of that deal? what would be in it just a broad outline? go. >> well, we can't see taxes go up on anybody across the board and we have to see the tax rates...
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Dec 27, 2012
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>> i think there's a lot of pessimism here in washington. you've got, as you pointed out, five days left. i think the real indicator here is that none of these parties are moving off their position. the senate democrats, the house republicans, the white house. there hasn't been any reason for folks to look at what's going on and say, oh, i see where a deal could be coming together. so what you've got is what's described in economic game theory is where everyone has decided on their strategy, looked at the strategies of the oar players and figuring that their optable strategy is to go over the cliff and pick up the pieces later. >> and basically fight for which party is going to get the most blame in the meantime, right? >> that's right. this is a finger-pointing exercise. everyone is sort of putting together their best case for why the other guy is at fault. you know, the possible exception here, drew, is if the senate can pass something, a scaled-back version of the obama plan, perhaps if the senate passes something, i think that will remov
>> i think there's a lot of pessimism here in washington. you've got, as you pointed out, five days left. i think the real indicator here is that none of these parties are moving off their position. the senate democrats, the house republicans, the white house. there hasn't been any reason for folks to look at what's going on and say, oh, i see where a deal could be coming together. so what you've got is what's described in economic game theory is where everyone has decided on their...
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Dec 27, 2012
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dana bash is in washington. great to see you. within the past hour, senate majority leader harry reid spoke on the floor. he really gave it to john boehner. he got pretty personal. >> he did. he really laid the blame at boehner's lap. talked about the fact that he was surprised that the house isn't even in session, which is true, but let's get real. the senate came back into session this morning. most importantly, he was very, very pessimistic about getting anything done before we reach that fiscal cliff. listen to what he said. >> the speaker just has a few d days left to change his mind, but i have to be very honest, mr. president. i don't know time wise how it can happen now. >> let me kind of lay out the state of play. i'll try to keep it out as much as possible. this is something everybody is focused on. the ball is in the senate's court right now. so what senator reid, who you saw earlier, and the president, what they are trying to figure out is whether or not they can craft what the president called a scaled-back bill, whi
dana bash is in washington. great to see you. within the past hour, senate majority leader harry reid spoke on the floor. he really gave it to john boehner. he got pretty personal. >> he did. he really laid the blame at boehner's lap. talked about the fact that he was surprised that the house isn't even in session, which is true, but let's get real. the senate came back into session this morning. most importantly, he was very, very pessimistic about getting anything done before we reach...
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Dec 27, 2012
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>> it's typical washington pea and walnut kind of separation. people resign from their positions, but they don't necessarily resign their employment in the government. for the head of diplomatic security, although he's a presidential appoint tee, my understanding is he's also part of the foreign service. so he has left that particular job, but he's still a member of the foreign service. and i think a similar situation applies to the other three people. that's something that, you know, if it were a political appoint tee as the assistant secretary, once you resign, you are gone, that's it. and that was the impression that they left when these announcements were made last week but that's obviously not what has happened. >> that's what people want to know. so they have accepted eric's decision to resign but nevertheless people are still on the payroll. there's the accountability? and it's a coverup of resignations. they don't seem to have any import behind them. the fact of the matter is it's just for show. more political coverup to say we are doing
>> it's typical washington pea and walnut kind of separation. people resign from their positions, but they don't necessarily resign their employment in the government. for the head of diplomatic security, although he's a presidential appoint tee, my understanding is he's also part of the foreign service. so he has left that particular job, but he's still a member of the foreign service. and i think a similar situation applies to the other three people. that's something that, you know, if...
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Dec 27, 2012
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ceo howard schultz is urging employees in washington, d.c. area starbucks to write come together on the customers' cups today and tomorrow. it's a message to urge lawmakers to work out a deal to keep the country from going over that fiscal cliff next week, which would send taxes soaring while slashing spending. >>> meanwhile, hollywood has something to celebrate as we close out 2012. it's been a very big year in the movies, with the number of tickets sold in the u.s. up for the first time in three years. the domestic box office take is set to hit a record $10.8 billion, with ticket sales up 5.6%. quite an accomplishment in the age of impressive home theaters. >>> meanwhile, when we come back, travelers weren't the only ones fed up with holiday deals. what an angry pilot had to say to his passengers about the matter. >>> also, proof that you do not have to be a kid to get excited over your christmas present. you really have to stay tuned for this. the family behind this viral video is sharing their joy. how do you do that? well, inside the bre
ceo howard schultz is urging employees in washington, d.c. area starbucks to write come together on the customers' cups today and tomorrow. it's a message to urge lawmakers to work out a deal to keep the country from going over that fiscal cliff next week, which would send taxes soaring while slashing spending. >>> meanwhile, hollywood has something to celebrate as we close out 2012. it's been a very big year in the movies, with the number of tickets sold in the u.s. up for the first...
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Dec 27, 2012
12/12
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he arrives in washington, d.c. today in style. he was aboard air force one as president obama returned to the white house. what a welcome. he will serve in the senate until the election is held in 2014. and the president is returning to washington as the treasury secretary warns the country is not in a good place when it comes to the national debt. timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as well as members of congress return to washington to address the fiscal cliff. talks will take place behind closed doors. no public negotiations set. you have the debt and the fiscal cliff. it's not looking too good right now when it comes to the u.s. economy. >> geithner told congressional leaders that his department is using some accounting measures basically a fancy way of saying they're going to try to free up some cash to hold off, temporarily, this fiscal cliff. but it's still not looking good. >> i don't know about you at home, but ki
he arrives in washington, d.c. today in style. he was aboard air force one as president obama returned to the white house. what a welcome. he will serve in the senate until the election is held in 2014. and the president is returning to washington as the treasury secretary warns the country is not in a good place when it comes to the national debt. timothy geithner says the government may hit its $16.4 trillion borrowing limit on monday. the president will hear about the fiscal cliff problem as...
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Dec 27, 2012
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you mentioned washington. may be bringing linking lincoln into the picture to and your thoughts about this new burst of freedom that begins with the emancipation and you have a family story. your grandfather, you ride in the book my grandfather sun sun and you mentioned that is grandfather was a freed slave so some thoughts about that? >> you know, for us in the south, abe lincoln was the great emancipator. i know there is a revision movement today. i am a big abe lincoln fan. i have photos of lincoln. i have a problem with the cynical revisionist. it a blank and meant quite a bit to us. you begin to see what the country is. it's like the beginning. you have got the south is one way of life with the peculiar institution that in my opinion is the single greatest immorality in the country. how can you have a free country with slaves? we understood that. it's a contradiction that contradicts the very founding of the country. but i at any rate, when i grew up, lincoln, he was the author of real liberty. you have t
you mentioned washington. may be bringing linking lincoln into the picture to and your thoughts about this new burst of freedom that begins with the emancipation and you have a family story. your grandfather, you ride in the book my grandfather sun sun and you mentioned that is grandfather was a freed slave so some thoughts about that? >> you know, for us in the south, abe lincoln was the great emancipator. i know there is a revision movement today. i am a big abe lincoln fan. i have...
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Dec 27, 2012
12/12
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and is taking out an ad in "the washington post" featuring a quote from lincoln. will it work? we will see. hallie jackson, wbal-tv 11 news. >> 6;09. 37 degrees at the airport. >> former president george h.w. bush is transferred to intensive care. we will have an update. >> i giant aquarium suddenly collapses. >> everyone has that fear when they stand by it. it is terrifying. the wind is picking up today. >> this is a live picture of the qtw=!n >> welcome back to 11 news today. 6:13. 41 degrees downtown. see that spotlight above the city? that is the moon. it is almost a full moon. the roads are wet rather than a sheet of ice. there are a few sprinkles in delaware. york county is seeing some flurries at this hour. nothing major but a few flurries are possible. a few flurries could show what been garrett county. a lot of problems in upstate new york because of the heavy snow. there could still be some delays in new york, boston and with strong winds. the temperatures are above freezing. the roads are mainly wet. county and thes patuxent river. 33 the wind is pickin
and is taking out an ad in "the washington post" featuring a quote from lincoln. will it work? we will see. hallie jackson, wbal-tv 11 news. >> 6;09. 37 degrees at the airport. >> former president george h.w. bush is transferred to intensive care. we will have an update. >> i giant aquarium suddenly collapses. >> everyone has that fear when they stand by it. it is terrifying. the wind is picking up today. >> this is a live picture of the qtw=!n >>...
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and we'll come back to washington, d.c. sunday evening, 6:30 p.m., no later than. >> let's talk about the senate minority leader, mcdonnell, saying hopefully there's time to get this fixed. is there time? >> i think there is. you know, we have done our business in the house of representatives. we have sent a bill to the senate which says we will keep all these tax rates where they are and the senate must act on that bill. that election. -- legislation. we don't need to talk about people getting together in a room to come up with a deal. we need to do that which is pragmatic and keep the money in the pockets of the american people. right now the spending problem we have in washington, d.c. is affecting this country. we have not had a budget passed by the senate in the last three or four yours. we're telling the american people they have to tighten their bootstraps but we do not want to do that in washington, d.c. we have a federal reserve printing more money to the tune of $45 billion a month to buy up treasury bonds, which
and we'll come back to washington, d.c. sunday evening, 6:30 p.m., no later than. >> let's talk about the senate minority leader, mcdonnell, saying hopefully there's time to get this fixed. is there time? >> i think there is. you know, we have done our business in the house of representatives. we have sent a bill to the senate which says we will keep all these tax rates where they are and the senate must act on that bill. that election. -- legislation. we don't need to talk about...
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Dec 27, 2012
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starting with the budget crisis in washington. we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish the names and addresses of thousands of private citizens who have legal gun permits. can the mainstream media still claim not to hate all gun owners after a stunt like this? "the kudlow report" starts right now. let's get the latest on the snag on the fiscal cliff talks and surprise news we are going to reach the debt ceiling in days instead of just a few months. john harwood has the details. what's going on? >> not a whole lot of actions going on. although there have been some developments. let me bring our viewers up to date on those. fir
starting with the budget crisis in washington. we learned just a few hours ago that not only is the fiscal cliff deadline on new year's eve, we are going to hit the debt ceiling on the very same day. we are about to go to washington for a live report. now to national weather. deadly storm slamming the midwest and the south now hitting the northeast. this is all coming just as millions of americans are waiting to take flights important the holidays. suburban new york newspaper chooses to publish...
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Dec 27, 2012
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check out my work at "washington post" at wonkblog.com. "first look" is up next. >>> right now on "first look," heavy snow, thunderstorms, freezing rain and high winds serving up a nightmare for stranded holiday travelers. >>> president obama aboard air force one right now racing back to washington to try to lead us away from the fiscal cliff. >>> former president george h.w. bush in intentive care. we'll have the latest on that. >>> a vigil for firefighters, a tornado in action and december surfing in the great lakes. good morning. i'm mara schiavocampo. a powerful winter storm that brought an odd mix of tornadoes, heavy winds and snow to the nation's midsection is now wreaking havoc on the northeast. snow and sleet have produced treacherous road conditions from pennsylvania and western new york to maine with more than a foot of snow expected in some areas. this storm so far being blamed for at least six deaths. and as nbc's kurt gregory reports, the storm is creating a post holiday travel nightmare. >> reporter: cleanup on the day after
check out my work at "washington post" at wonkblog.com. "first look" is up next. >>> right now on "first look," heavy snow, thunderstorms, freezing rain and high winds serving up a nightmare for stranded holiday travelers. >>> president obama aboard air force one right now racing back to washington to try to lead us away from the fiscal cliff. >>> former president george h.w. bush in intentive care. we'll have the latest on that....
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Dec 27, 2012
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the president cut short his christmas vacation in hawaii to get back to washington. congress will be in session today, amidst fading hope that a deal could be reached by the new year. no agreement would mean spending cuts and historic tax hikes for virtually every american. >>> officials in newtown have a message for people who want to send gifts to the grief-stricken town. please don't. they say gifts have arrived in such numbers, they overwhelmed the small community's ability to process them. a fund established after the shooting to support newtown has grown to $3.5 million. >>> meanwhile, hundreds of schoolteachers plan to attend firearms training today in salt lake city. the 200 teachers come from districts across utah. they have volunteered for the concealed weapons training. organizers say in past years, only a few dozen teachers attended the training. they're expecting an overflow crowd because of this month's tragedy in newtown, connecticut. >>> west webster volunteer firefighters, who had been in guarded condition, are now being upgraded to satisfactory cond
the president cut short his christmas vacation in hawaii to get back to washington. congress will be in session today, amidst fading hope that a deal could be reached by the new year. no agreement would mean spending cuts and historic tax hikes for virtually every american. >>> officials in newtown have a message for people who want to send gifts to the grief-stricken town. please don't. they say gifts have arrived in such numbers, they overwhelmed the small community's ability to...
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it is a sign of how the nra works in washington. the of the very effective job of steering that agency by threatening its budget -- scaring that gency by threatening its budget, and by trying to keep them from having a permanent director. it is been six years. neither president bush for president obama has been able to get a permanent director. agency's stripped of the to not have leadership. host: we have been talking to matt bennett of third way. coming up a 10:00 a.m., the senate will be in session. they do not have the fiscal cliff on their agenda, but leader harry reid is expected to make a morning speech or morning statement about issues regarding the fiscal cliff. you can go to c-span2 can watch that. they're coming in at 10:00 a.m. this morning. the house is coming in at 2:00 p.m.. did not have an agenda. coming in to be here and just in case, et cetera. they will be coming in and probably be in session for a short time and then go out. you could keep updated on our web site at c-span.org. another four day weekend on "booktv
it is a sign of how the nra works in washington. the of the very effective job of steering that agency by threatening its budget -- scaring that gency by threatening its budget, and by trying to keep them from having a permanent director. it is been six years. neither president bush for president obama has been able to get a permanent director. agency's stripped of the to not have leadership. host: we have been talking to matt bennett of third way. coming up a 10:00 a.m., the senate will be in...
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we want to take you to washington, d.c. and some starbucks in washington, d.c. deciding to jump right into this whole fiscal cliff debate. coffee baristas are -- they've been told to write on coffee cups to say "come together." so they're writing this handwritten message saying come together as a way of encouraging politicians to come together and get this fiscal cliff cliff thing done. no word yet on when people get extra lattes, where they can write get your lazy ass off vacation. >> willis likes that a lot more. >> i womdzer if there's enough room. >> if you're looking for love, you better have a good credit score. take a look at this. ♪ >> okay, yeah. we're not going to say we're going after those guys, but it's the credit score guys. "the new york times" is reporting that credit scores is huge and that could be at the top of the list. they interviewed people across the u.s., and a newspaper discovered a low credit score is a deal breaker in search of love. so if you don't have your act together, take care of that and maybe you'll find love. >> can you ima
we want to take you to washington, d.c. and some starbucks in washington, d.c. deciding to jump right into this whole fiscal cliff debate. coffee baristas are -- they've been told to write on coffee cups to say "come together." so they're writing this handwritten message saying come together as a way of encouraging politicians to come together and get this fiscal cliff cliff thing done. no word yet on when people get extra lattes, where they can write get your lazy ass off vacation....
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there's a case called washington v. davis which says you have to show intentional violation, it's going to be pretty hard to show that here at all. the ironny of this is -- irony of this is this is not something somebody thought up at the end as a means of getting out. these problems were all presented to the supreme court at the certiorari stage. they sat on the case for three or four conferences before deciding to take the case, and when they took it, only eight justices acted on the order because justice kagan was the solicitor general when the government filed an amicus brief in support of the university of texas, so she is not sitting on this case. and so we have only four -- eight, excuse me, eight justices on the case, and the potential for a 4-4 tie is earnly there. despite these problems and despite the fact that ms. fisher has dubious remedies even if she could prove that she was harmed and that the system is unconstitutional, the court nevertheless took, took the case. some of the briefs have pointed out that
there's a case called washington v. davis which says you have to show intentional violation, it's going to be pretty hard to show that here at all. the ironny of this is -- irony of this is this is not something somebody thought up at the end as a means of getting out. these problems were all presented to the supreme court at the certiorari stage. they sat on the case for three or four conferences before deciding to take the case, and when they took it, only eight justices acted on the order...
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Dec 27, 2012
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especially when washington won't. the partisan bickering has bothered him since -- >> 1992. >> reporter: that's when garcia first wrote his congressman, suggesting a formula to eliminate the death. the depression era kid and army veteran says he's giving back to a country that's given him so much. a sense that's infectious. his daughter is now collecting cabs at work. his grandson drives garcia to friends' houses, just to collect more cans. garcia knows that his monthly money orders won't avert the fiscal cliff, but his priest says that's not the message garcia's sending to congress. >> in order to really solve the $16 trillion national debt, you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american has decided that road has to end, and it might as well be here. so if you want to be, like his granddaughter says, be like grandpa, you can google the office of public debt and they are willing to take contributions from american citizens. candy? >> i have to tell you, i think m
especially when washington won't. the partisan bickering has bothered him since -- >> 1992. >> reporter: that's when garcia first wrote his congressman, suggesting a formula to eliminate the death. the depression era kid and army veteran says he's giving back to a country that's given him so much. a sense that's infectious. his daughter is now collecting cabs at work. his grandson drives garcia to friends' houses, just to collect more cans. garcia knows that his monthly money orders...
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so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no indication that steps have moved forward closer to a deal, gregg. gregg: so, mike, if the senate comes back, what do we expect from them today? and then obviously the house? >> reporter: well, house speaker john boehner is in ohio. his aides told me a few moments ago ago if he has plans to travel. last night the speaker and the president of the united states met face to face to have any substantive discussions about the fiscal cliff was 10 days ago. republican leaders in the house are waiting for the senate democrats to act. they want to see what kind of bill harry reid brings forward on the floor. he is looking at republican leader mitch mcconnell to say what are you willing to accept? so here we are. there is blame game going on. there is lot of maneuvering still. bottom line we'll probably meet this weekend heading up to the fiscal cliff and we'll se
so we await the president to get back to washington. we know that the senate will be back in session today. we know there have been some conversations back and forth but at this point no indication that steps have moved forward closer to a deal, gregg. gregg: so, mike, if the senate comes back, what do we expect from them today? and then obviously the house? >> reporter: well, house speaker john boehner is in ohio. his aides told me a few moments ago ago if he has plans to travel. last...
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does washington ever change its tone or their debate? let's ask the man who served in the white house of policy. good morning to you, peter, and welcome to the show. >> good morning. glad to be here. >> clayton: does this ever change? i moon, 1990, it sounds like we're going over the exact same things again here in 2012. >> what's most immediately relevant is what happened as a result of that package. the spending cuts were never really enacted. the tax increases pushed the economy into recession. and so the deficit increased rather than declined. so it went from 220 billion in 1990 to 269 billion in 1991, 290 billion in 1992. i think that's directly relevant today because i think the obama tax increases are more likely to lose revenue rather than to gain revenue. for example -- >> clayton: we know what happened with president george h.w. bush, read my lips, no new tax and ended up going forward with some of those tax increases to part of the negotiation and democrats didn't come forward with entitlement cuts that were enough to actually
does washington ever change its tone or their debate? let's ask the man who served in the white house of policy. good morning to you, peter, and welcome to the show. >> good morning. glad to be here. >> clayton: does this ever change? i moon, 1990, it sounds like we're going over the exact same things again here in 2012. >> what's most immediately relevant is what happened as a result of that package. the spending cuts were never really enacted. the tax increases pushed the...
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he is old-school washington. i wouldn't say in the best way but in the -- in a certain hapless sad way. it's the way it works. and he's got these, as he and his, you know, the members -- the same members of his caucus, the 40 or 50 people to his right who just can't cut him a break and won't let him lead even if he wants to lead. >> you know, kurt just used the word that has disappeared more or less, i think, from day-to-day language, the word is "pension." i can remember tip o'neill telling me that the second night that gerald ford assumed the presidency, that gerald and betty ford invited tip and millie o'neill down to the white house for dinner. they were the best of friends in the house, and they remained friendly for years. so the o'neills and the fords, president ford, were having dinner. and at one point during the dinner, president ford says to tip o'neill, "tip, do you have any idea of what the bump in pay for this job is going to mean for my pension?" you know, which is sort of a cute story. it sort of
he is old-school washington. i wouldn't say in the best way but in the -- in a certain hapless sad way. it's the way it works. and he's got these, as he and his, you know, the members -- the same members of his caucus, the 40 or 50 people to his right who just can't cut him a break and won't let him lead even if he wants to lead. >> you know, kurt just used the word that has disappeared more or less, i think, from day-to-day language, the word is "pension." i can remember tip...
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he's yelling at washington. >> yeah. >> i like that. you see how it's done now. >> it's a beautiful thing. >> all right. rick, and jim iuorio, thank you. i like passion. >> joe, joe, do me a favor. make sure you watch the guest today at 11:20. we have bill prezza and this one's really going to be fascinating. >> i do watch at 11:20. i do, rick. excellent. thanks. who is this guy? >> bill prezza. great writer. he writes things that really get you thinking. >> awesome. all right. don't hold back, rick. >> i never do. >> okay, guys. >> coming up, the impact of the fiscal cliff on the big banks. financial analyst chris whalen. he's here. he's going to join guest host john kanas for a look at the financial sector in 2013. >> when you miss "squawk box" you fall behind on global business news. when you fall behind on global business news, you make bad investment decisions. when you make bad investment decisions, you lose all your money. when you lose all your money, you are tempted to hatch an illegal ponzi scheme. when you hatch an illegal po
he's yelling at washington. >> yeah. >> i like that. you see how it's done now. >> it's a beautiful thing. >> all right. rick, and jim iuorio, thank you. i like passion. >> joe, joe, do me a favor. make sure you watch the guest today at 11:20. we have bill prezza and this one's really going to be fascinating. >> i do watch at 11:20. i do, rick. excellent. thanks. who is this guy? >> bill prezza. great writer. he writes things that really get you...
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they are not in washington, d.c. the house of representatives are not here. they couldn't even get the leadership together yesterday. they had to do it with a teleconference. republican leadership. we go over the cliff, we will be left with the knowledge that could have been prevented with a single vote and the republican-controlled house of representatives. speaker, prior to this session starting today, the presiding officer and i had a conversation about how things have changed around here. i served in the house of representatives. there's 435 members of the house. what goes on in this country shouldn't be decided by the majority. it should be decided by the whole house of representatives. everyone knows, including the speaker of the house house of representatives today, that if they had brought the house -- i'm sorry, the senate-passed bill that would give relief to everyone making less than $250,000 a year, it would pass overwhelmingly. every democratic would vote for it and republicans would vote for it. but the speaker, he says no, we can't do that t ha
they are not in washington, d.c. the house of representatives are not here. they couldn't even get the leadership together yesterday. they had to do it with a teleconference. republican leadership. we go over the cliff, we will be left with the knowledge that could have been prevented with a single vote and the republican-controlled house of representatives. speaker, prior to this session starting today, the presiding officer and i had a conversation about how things have changed around here. i...
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"washington journal," live at 7:00 a.m. eastern on c-span. a cornell university law professor has written books on increasing stock prices. she spoke about what she described as the corporate world in the effort to maximize profits in the short term, but but greater the long-term value of any company. [applause] >> good evening, everyone, and welcome. professor lynn stout is a distinguished professor at the cornell university law school. our work focuses on the intersection of law, business, and morality -- her work focuses on the intersection of law, business, and morality. she has worked with many organizations around the world, including the clinton global initiative. in 2012, she was named tom on the economy -- top on the economy. her new book is the shareholder yth.es met please welcome professor lynn stout. [applause] >> thank you, charles, for that kind introduction. i want to start by saying what an honor it is for me to speak in front of this audience in particular, especially the students in the clinton school. i,
"washington journal," live at 7:00 a.m. eastern on c-span. a cornell university law professor has written books on increasing stock prices. she spoke about what she described as the corporate world in the effort to maximize profits in the short term, but but greater the long-term value of any company. [applause] >> good evening, everyone, and welcome. professor lynn stout is a distinguished professor at the cornell university law school. our work focuses on the intersection of...